Posted tagged ‘consent of customer’

The Credit Reporting Agency Bill

February 23, 2010

 22/2/2010

 The government is planning to table the credit reporting bill for debate and if they get the approval of parliament both lower and upper house; it will be enacted into a law. Below are some facts about this bill. Dear readers, if you have reservation or if you want add anything regarding this bill, please email to amar800@hotmail.com.  

Purpose of this bill – Seeks to provide for registration and regulations of persons carrying on a credit reporting business that involves the processing of credit information.

 (i.e) currently, 1 of the credit reporting agency in Malaysia – Credit Tip Off Services Sdn. Bhd – accused as giving wrong and inaccurate information about a customer which subsequently  cause the customer to go bankruptcy. (more…)

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